Compañía Cervecerías Unidas (CCU) Cash Flow: Operating & Free Cash Flow

Compañía Cervecerías Unidas (CCU) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Compañía Cervecerías Unidas generated CLP 239.05B of operating cash flow and spent CLP 156.90B on capital expenditures. That left free cash flow of CLP 82.15B, down 35.5% from CLP 127.43B a year earlier, or 2.8% of revenue. It paid CLP 78.32B in dividends.

Compañía Cervecerías Unidas Cash Flow Statement Analysis

Values in billions CLP

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Compañía Cervecerías Unidas S.A. (CCU) - Annual data in billions CLP
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	111.40	160.94	105.65	118.17	199.16	96.15	130.14	306.89	129.61
Depreciation & Amortization	147.73	146.86	126.24	126.50	124.12	109.81	105.02	93.24	92.20
Change in Working Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	239.05	287.52	0.00	0.00	293.36	0.00	0.00	0.00	0.00
Other Operating Activities	-26.53	-29.86	62.21	-198.73	-12.86	74.70	7.16	-306.89	132.55
Net Cash from Operating Activities	239.05	287.52	294.10	45.94	293.36	280.67	242.32	306.89	262.16
Investing Activities
Capital Expenditures	-156.90	-160.09	-129.45	-203.60	-169.67	-117.01	-140.49	-131.44	-125.77
Acquisitions	-10.98	-11.21	-3.97	-36.47	-5.79	-1.03	-20.96	-65.33	-49.40
Purchases of Investments	-10.98	-10.66	0.00	0.00	-5.79	-18.01	-10.97	-59.51	-49.31
Sales/Maturities of Investments	0.00	-7.17	0.00	0.00	-2.19	-5.77	11.20	0.00	1.06
Other Investing Activities	0.64	0.57	-8.86	-11.32	-1.49	0.89	17.03	-2.24	49.81
Net Cash from Investing Activities	-164.30	-118.29	-137.23	-236.46	-178.99	-140.55	-144.19	-199.00	-173.61
Financing Activities
Debt Repayment	-341.14	-90.58	-92.98	694.08	-46.05	-102.82	17.52	70.26	29.89
Common Stock Issued	0.23	2.75	2.77	1.65	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-78.32	-81.80	-65.58	-158.32	-274.14	-102.14	-218.04	-74.83	-75.13
Other Financing Activities	3.64	-8.31	37.76	-0.31	-6.08	0.36	1.09	-48.40	-7.76
Net Cash from Financing Activities	-206.58	-125.04	-118.04	537.10	-233.64	64.75	-199.42	-52.96	-53.00
Summary
Effect of Forex Changes on Cash	-56.12	44.78	-17.76	-15.07	-11.54	-4.85	-21.36	-28.38	0.47
Net Change in Cash	-131.83	44.19	21.07	331.51	-130.82	200.02	-122.64	148.97	36.01
Cash at Beginning of Period	707.12	618.15	597.08	265.57	396.39	196.37	319.01	170.04	134.03
Cash at End of Period	519.18	707.12	618.15	597.08	265.57	396.39	196.37	319.01	170.04
Free Cash Flow	82.15	127.43	164.65	-157.67	123.69	163.66	101.83	175.45	136.40
Supplemental Disclosures
Interest Paid	-	68.81	70.45	47.10	28.98	21.98	-	-	-
Income Taxes Paid	-	14.70	8.96	66.28	78.97	43.03	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Compañía Cervecerías Unidas Cash Flow

What is Compañía Cervecerías Unidas's free cash flow?

Compañía Cervecerías Unidas generated free cash flow of CLP 82.15B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CLP 239.05B minus CLP 156.90B of capital expenditures. That was down 35.5% from CLP 127.43B a year earlier. Free cash flow equaled 2.8% of revenue.

How much does Compañía Cervecerías Unidas spend on capital expenditures?

Compañía Cervecerías Unidas spent CLP 156.90B on capital expenditures in fiscal 2025, compared with CLP 160.09B a year earlier. That equals 65.6% of operating cash flow.

Does Compañía Cervecerías Unidas pay dividends or buy back shares?

Yes. In fiscal 2025 Compañía Cervecerías Unidas returned CLP 78.32B in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition